Salvage value is:
A) A factor relevant to amortizing an intangible asset with an indefinite life.
B) A factor relevant to determining depreciation under MACRS.
C) An estimate of the asset's value at the end of its benefit period.
D) A factor relevant to determining depreciation that cannot be revised during an asset's useful life.
E) Not a factor relevant to determining depletion.

Question

Quizplus · Accepted Answer

Salvage value is an estimate of an asset's value at the end of its benefit period or useful life. It is used in determining depreciation for accounting purposes.

Salvage Value Is